AUTOMATED CASHLESS SYSTEMS, INC. (20240273974). FINANCIAL GAMING PASSPORT FOR CASHLESS MOBILE GAMING simplified abstract
Contents
FINANCIAL GAMING PASSPORT FOR CASHLESS MOBILE GAMING
Organization Name
AUTOMATED CASHLESS SYSTEMS, INC.
Inventor(s)
Stephen L. Warner of Zephyr Cove NV (US)
Michael Sackrison of Reno NV (US)
Shawn G. Quick of Reno NV (US)
FINANCIAL GAMING PASSPORT FOR CASHLESS MOBILE GAMING - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240273974 titled 'FINANCIAL GAMING PASSPORT FOR CASHLESS MOBILE GAMING
Simplified Explanation: The patent application describes a cashless mobile gaming system and method where a server manages financial transactions for gaming activities on a mobile application.
- The server includes a financial gaming passport module that processes exchange requests for financial transactions.
- The mobile application sends exchange requests to the financial gaming passport, which then checks available funds from different funding sources.
- When a transaction is approved, a hold-fund request is generated by the funding source.
- The financial gaming passport certifies casino reimbursements if a value is issued by a casino management system to the mobile application.
Key Features and Innovation:
- Cashless mobile gaming system managed by a server with a financial gaming passport module.
- Exchange requests for financial transactions processed by the financial gaming passport.
- Real-time querying of funding sources to determine available funds.
- Hold-fund requests generated upon approval of exchange requests.
- Certification of casino reimbursements by the financial gaming passport.
Potential Applications:
- Online gaming platforms
- Mobile gaming applications
- Casino management systems
Problems Solved:
- Streamlining financial transactions for gaming activities
- Enhancing security and convenience for players
- Simplifying reimbursement processes for casinos
Benefits:
- Improved user experience for gamers
- Efficient financial management for gaming operators
- Enhanced security measures for transactions
Commercial Applications: The technology can be utilized in online gaming platforms, mobile gaming applications, and casino management systems to streamline financial transactions and enhance user experience.
Prior Art: Readers can explore prior art related to cashless gaming systems, mobile payment technologies, and financial transaction processing in the gaming industry.
Frequently Updated Research: Stay updated on research related to mobile gaming trends, financial technology innovations, and casino management systems for potential advancements in the field.
Questions about Cashless Mobile Gaming Systems: 1. How does the cashless mobile gaming system improve user experience compared to traditional payment methods? 2. What security measures are in place to protect financial transactions within the system?
Original Abstract Submitted
a cashless mobile gaming system and method is described. a server includes a financial gaming passport module that operates an exchange that qualifies a financial transaction. a mobile application receives an exchange request input that is communicated to the financial gaming passport. funding sources are then queried by the financial gaming passport to determine the available funds at each of the funding sources. a hold-fund request is generated by the funding source when the exchange request is approved by the funding source. the financial gaming passport associated with the server communicates that if a casino management system (cms) issues a value to the mobile application disposed on the patron wireless device, then the financial gaming passport associated with the server certifies a casino reimbursement.
